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Georgia Petition of Conservator for Leave to Sell Property or Rent, Lease, or Otherwise Dispose of Property

State:
Georgia
Control #:
GA-2GPCSF14
Format:
PDF
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Description

This form is a petition from a guardian/conservator for leave to sell property or rent, lease, or otherwise dispose of property

How to fill out Georgia Petition Of Conservator For Leave To Sell Property Or Rent, Lease, Or Otherwise Dispose Of Property?

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FAQ

What Is Conservatorship Real Estate?A conservatorship is a legal arrangement where a court appoints an individual called a conservator to manage personal affairs, finances, or property for someone unable to care for their own financial affairs called the conservatee.

The conservator has the power to collect all the conservatee's assets, pay bills, make investments, etc. The conservator must seek court supervision for major transactions, such as purchase or sale of property, borrowing money, or gifting of assets.

If there is no one authorized to sell the property under an existing power of attorney, the real property can be sold by a guardian. Selling real property through a guardianship requires two real estate appraisals and court approval.

The legal guardian has the right to consent for the minor and make all decisions regarding the minor's health and education. A legal guardian will maintain custody of the minor until the minor reaches the age of eighteen, or until a judge determines that the minor no longer needs a guardian.

To begin the process, a Petition for Letters of Administration must be filed with the Court. The Initial Filing Fees must be paid upon filing the petition. Any interested party or heir can file the Petition for Letters of Administration.

A guardian of property is someone the court names to manage money and property for someone else whom the court has found cannot manage it alone. Sometimes a guardian of property is also appointed as guardian of the person.

A guardian is generally paid an amount which is not more than five percent of the ward's yearly income. The amount may vary slightly, but in no case should the guardian's compensation be fixed at less than fifty dollars for a year.

When authorized by order of the court under Section 2570, the guardian or conservator may purchase: (a) Real property in this state as a home for the ward or conservatee if such purchase is for the advantage, benefit, and best interest of the ward or conservatee.

If there is no one authorized to sell the property under an existing power of attorney, the real property can be sold by a guardian. Selling real property through a guardianship requires two real estate appraisals and court approval.

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Georgia Petition of Conservator for Leave to Sell Property or Rent, Lease, or Otherwise Dispose of Property